Analyst boosts Triumph Group's price target

Analyst ups Triumph's price target; says one of most compelling names in commercial aerospace

Associated Press

NEW YORK (AP) -- Triumph Group's stock climbed more than 4 percent on Friday as an analyst raised her price target on the company, saying she views it as one of the most compelling names in commercial aerospace.

THE SPARK: Julie Yates Stewart of Credit Suisse lifted Triumph's price target to $79 from $78 and kept an "Outperform" rating.

THE ANALYSIS: Stewart says in that Triumph still has the ability to achieve better margins in its aerostructures segment and is pleased that the aircraft supplier is actively looking for ways to offset softness in its military business.

The analyst also said in a client note that there is a good buying opportunity for investors thanks to Triumph's appealing stock price relative to its peers.

SHARE ACTION: Shares of Triumph Group Inc. added $2.02, or 3.4 percent, to $61.92 in midday trading after rising as high as $63.74 earlier in the session. The stock traded at a 52-week high of $66.89 in early May, and is up 41 percent from its low for the past year of $43.92 on October.

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